Latest Energy subsidies News

Solar industry blames tariffs for canceled, delayed projects

Dec. 13, 2018 1:53 PM EST

NEW YORK (AP) — The solar industry is blaming tariffs for delays and cancellations of major solar energy projects. An estimated $8 billion worth of utility-scale projects were canceled or put on hold for the five-year period that ends in 2022, according to a new report from the Solar Energy Industry...

Brazil's Petrobras to be led by privatization advocate

Nov. 19, 2018 6:21 PM EST

RIO DE JANEIRO (AP) — Brazil's President-elect Jair Bolsonaro on Monday named Roberto Castello Branco, a pro-market reformer, as future chief executive of the country's state-controlled oil company, Petrobras. Castello Branco, a former member of Petrobras' board, has advocated privatizing the oil giant, a...

Lawyer in stalled coal bailout argues for energy appointment

Nov. 15, 2018 4:03 PM EST

WASHINGTON (AP) — Senate Democrats are questioning whether President Donald Trump's choice for a seat on a national energy board can be objective given his past work on the administration's plan to subsidize aging coal plants. Bernard McNamee, an Energy Department lawyer, appeared Thursday before the...

Spain considers ban on sale of gas and diesel cars by 2040

Nov. 13, 2018 11:59 AM EST

MADRID (AP) — Spain's government is eyeing ambitious steps to tackle climate change, including a ban on the sale of gas and diesel cars from 2040. The government presented a blueprint Tuesday that foresees an end to state financial subsidies for fossil fuels and a prohibition on fracking. The working...